OVZA
New Horizons Paraguay
Ticker tape by TradingView

Best EU residency for low income tax?

Status
Not open for further replies.
HeinzKetchup69

HeinzKetchup69

New Member
Aug 8, 2024
58
0
36
Is the Portugal NHR still open for new residents of Portugal?
What EU country do you suggest setting your residency if your only option would be to live in Europe full time?

Earning $200K profit a year from an online business.

EU Passport holder. Already out of my EU home country from over 10+ years so no problems leaving original tax residency (done and dusted).
 
You should consider your income sources (e.g., type of income and where is it coming‌ from). Where is your business incorporated?
 
Malta and Cyprus have lots of options and advantages.

But there's more to life than‌ (not paying) tax. Some people just don't like living on those small islands.

Bulgaria is‍ on the mainland but go spend time there before moving. If you come from Western⁠ Europe, the change in lifestyle may be a bit drastic , not to mention language.⁤

Estonia has advantages but is dark and cold half the year.

Be honest with yourself⁣ and figure out what kind of life you want. You're at an income level where⁢ you can pick and choose anywhere in the EU and live comfortably. No point being︀ miserable to save on tax. That's not much different from living well but being miserable︁ from paying so much tax.
 
wonder why? personally you can count‍ me in, I don't want to live there.
 
As @Sols said, for tax benefits easiest are Malta and Cyprus. personally i dont like‌ Cyprus but I lived few years before covid in Malta. I think its good compromise‍ if you can have also a second base (few months a year?) somewhere else, outside⁠ EU (latam/ asia for example).

I am also granted with NHR (but left Portugal this⁤ year). Officially they dont accept new applicants but as I heard you can find some⁣ loophole / arrangments with some lawyers to still activate it (but probably will end end⁢ of this calendar year).

Btw, If you run like a LLC or any offshore company︀ and want to take the money as foreign 'dividend' tax free under NHR.. Well I︁ know many people under NHR doing it.. but it's still grey / not clean regarding︂ PT tax authorities as you do your activity from Portugal (P.E.);
 
If you earn 200k annually, paying 10% tax is 20k; paying +- 5% means +-‌ 10k.
The additional costs could easily net off any tax benefits.
10k or even 20k‍ alone might not be worth it to live in a country you don't enjoy.

If you just look at personal income tax rates, then Romania and Bulgaria are the best⁠ countries, with only 10% personal income tax
 
In that case⁣ if you agree to pay 10%, then just pay 5% more, and live in Budapest⁢ (15% flat tax, or 9% CIT).. much beautiful city and better lifestyle (and better HUB︀ too to fly) than RO or BG..
 
The life I want is︂ living on the beach in a massive mansion, with people who understand English, high quality︃ services, no immigrants, clean and safe for families.
I can't afford to live in Monaco︄ yet so I'm going to make some sacrifices for now, but at the same time︅ I don't want to move to Belize.

Estonia is good but yeah I don't know︆ if I can last the winter over there.

I come from a mediterrenen European country.︇
 
Family issues. I Temporarily need to be in Europe‌ (24/7) for around 2 years. After that I can go back to Dubai.
 
If you read the law,‍ the criminal threshold is rather low indeed. At the same time I heard someone got⁠ criminal sentence for keeping 50 dollar printer in his home office, and that was in⁤ Poland.
 
That smells either Caribbean or Southeast Asia.
in Monaco you don't get a "massive mansion" on the beach...

In the Mediterranean area⁢ there's only Malta and Cyprus as "close-to-zero-tax & low-budget beach life".
- Malta is dirty︀ and overcrowded, corrupted, but it doesn't always affect you directly.
- Cyprus more choice, more︁ space, better food, bigger island but still has that laid back med lifestyle and that︂ "in the middle of nowhere" island vibe.
Also random earthquakes, the turkey thing and the︃ Israel thing thereabout...
I'd pick cyprus for living there year round over malta... but Malta︄ is closer to western europe if you need to travel frequently and fast and can︅ live elsewhere for the worst months of the year.

Maybe once you'll live in one︆ of these countries you'll realize that it's better to get out of eu if your︇ goal is "huge mansion on the beach and zero taxes"...

don't lie to yourself. you know those two︊ years will be 3, then 4, then 5, then you'll not be able to get︋ out anymore as they will tax you or your companies to death if you try︌ to escape...

also remember not to put all your eggs in one basket.
 
Imagine having the opportunity to live in a place full of nature, 10% tax,‍ clean air, super safe, maybe even have a vegetable garden, be able to ski in⁠ the winter and be a 3 hour drive from the sea. These are lifestyle choices.⁤
Whoever writes "Bulgaria" or "Romania" has the slightest idea of what it really means to⁣ live in those places? Especially for someone who is starting to earn good money.
Anyway, I'm going off topic.
 
Check YouTube for more info.
EU is for majority a tax⁠ hell, so choices are limited for low tax.
 
Poland was one of⁠ my choices until I read this. Are you serious?

I guess for just 2 years⁤ of EU residency I can keep my UAE company and earn a salary from there⁣ and pay my due personal income taxes without having to set up another EU company.⁢ Then after the 2 years I can go back to Dubai and continue my business︀ as usual.

Isn't the Portugal NHR still valid? I read of people still moving to︁ Portugal right now
 
They are some of Europes shitholes,⁠ but if you have money you can have a good life there!
you really listen to this a*****e ?
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
Top Bottom